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Miami Beach staff present balanced 2026 budget proposal while urging more cuts and prioritization
Summary
City staff presented a balanced preliminary 2026 budget that keeps millage flat for a third straight year, preserves multi-month reserves and shifts more dollars to capital. Commissioners pressed administration to find additional recurring efficiencies and debated which commission priorities to fund in a tight year.
City staff presented a preliminary operating and capital budget update Wednesday that keeps the city's combined millage flat for a third consecutive year while reallocating some of the growth in taxable value into capital projects.
The administration said July 1 property valuations held at a 6.9% increase overall, with much of that driven by new construction rather than existing values. The report showed an additional $1.6 million flowing into the general fund because community redevelopment areas increased at a lower rate than the citywide value.
"This budget shows public safety ... continues to be amongst our highest priorities," Commissioner Magazine…
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